Dear Travel Partner,

We are thrilled to announce that AMResorts reported a 23.2% percent revenue gain in 2013. The steady company growth was fueled by a combination of strategic moves, including the introduction of a sixth brand (Breathless Resorts & Spas) at the end of 2013, and entry into new destinations.

In March of this year, AMResorts signed its latest resort contract, which extends the company's reach to Panama with Dreams® Buenaventura Panama Resort & Spa. The deal will push the company over the 15,000 room milestone. AMResorts also recently agreed to welcome Zoëtry® Villa Rolandi Isla Mujeres Cancun this winter. The company will assume operations of the resort this June, with its official rebranding coming in December. AMResorts is also slated to take over management of Dreams® Sands Cancun Resort & Spa, with the official rebrand set for September 1.

"AMResorts' success is deeply rooted in the ongoing quest to meet our customers' and owners' needs," said Gonzalo del Péon, AMResorts President. "Continuing to evolve our product and having more resorts in more places travelers want will remain a priority."

As a leading resort-management company, AMResorts secured seven contracts in one year, five of which are new developments:

2014 Openings:

Dreams® Sands Cancun Resort & Spa: The existing Grand Oasis Viva property will undergo extensive renovations and adaptations to meet the Dreams Resorts & Spas Unlimited-Luxury® standards. The property, featuring 650 feet of white sand beachfront in the southern end of Cancun's vibrant hotel zone, 441-rooms and the Unlimited-Luxury® experience, will officially be rebranded on September 1.

Zoëtry® Villa Rolandi Isla Mujeres Cancun: AMResorts will assume operation of this intimate 35-room resort in June 2014, officially rebranding the property under AMResorts' luxury boutique brand, Zoëtry Wellness & Spa Resorts, in December 2014. Guests can enjoy casual elegance and panoramic views of gorgeous sunsets at the property's award-winning, family-owned Casa Rolandi Restaurant, featuring extraordinary North Italian-Swiss Cuisine by renowned chef, Daniele Müller.

Dreams® Las Mareas Costa Rica: Occupying a private white sand beach cove surrounded by lush jungle, this 447-room family resort, opening in November 2014, will feature seven world-class restaurants, bars, a nightclub, Core Zone for teens and Explorer's club for children, plus a Dreams Spa by Pevonia®.

Secrets® Playa Mujeres Golf & Spa Resort: AMResorts' sophisticated, adults-only Secrets brand will launch this all-inclusive property in November 2014. Situated on 2.3 miles of gated beachfront property on the Yucatan Peninsula, many of the 424 rooms will have an ocean view. The resort will also feature a signature Greg Norman golf course.

New Build Properties in the Cancun / Rivera Maya Region:

Secrets® Akumal Riviera Maya: The luxurious 425-room couples' resort is situated on Akumal Beach, one of the "Top 25 Beaches in the World", as voted by TripAdvisor Travelers' Choice 2013. The property is set to open in December 2015.

Breathless® Petempich Riviera Maya: Scheduled to open in December 2015, this 500-room resort property is the second under AMResorts' new Breathless brand of all-adult, luxury all-inclusive resorts appealing to singles, couples and friends, and is located a short 15-minute-drive from Cancun International Airport.

AMResorts Enters its Sixth Country:

Dreams® Buenaventura Panama Resort & Spa: Located in an exclusive community of luxury villas and high-end resorts minutes away from Rio Hato International Airport, the 500-suite property offers stunning views of lush gardens, lagoons, a white sand beach and the 18-hole Jack Nicklaus Design par-72 championship golf course. Buenaventura will be managed under AMResorts' Dreams luxury family resort brand and is slated for completion in 2016.

Upon completion, these newest additions will take the grand total of AMResorts' branded hotels to 39 with a combined 15,138 rooms in 15 markets across Mexico, Costa Rica, Curaçao, the Dominican Republic, Jamaica, and Panama.

Additionally, AMResorts continues to be recognized as an industry leader, receiving several accolades in multiple arenas in the past year alone, including:

Zoëtry® Paraiso de la Bonita Riviera Maya earned the prestigious AAA Five Diamond Award for the eleventh consecutive year &endash; the longest streak in Mexico's Riviera Maya region. Secrets® Maroma Beach Riviera Cancun was also named a recipient of the honor for the first-time. The property is one of only two adults-only, all-inclusive resorts to hold the AAA Five Diamond recognition.

The company was also recognized by leading environmental organization, the Rainforest Alliance, with the 2013 Sustainable Standard-Setter Award for its commitment to sustainable tourism and responsible travel. 18 of AMResorts properties across Mexico and Jamaica have also been Rainforest Alliance Verified™.

From leading business magazine, CNN's Expansión, AMResorts was named one of 2013's Top Companies or "Súper Empresas." The company was honored for its corporate culture and values, human resource procedures and commitment to employee development.

We are excited about the growth and achievements of AMResorts and each of its six brands and look forward to ongoing success and exceptional facilities in all of our resorts. As always, thank you for your continued support.

Sincerely,

Gonzalo del Péon

AMResorts

President

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